Strategic Resource Management, an advisory firm serving banks and credit unions, acquired Kenneth J. Sole & Associates. The deal was announced July 11.

Kenneth J. Sole & Associates is a banking technology consulting firm for banks and credit unions. Its ancillary services include project management, core optimization and staff augmentation.

“This acquisition comes on the heels of increased market demand for technology partners who can help financial institutions adopt and operate modern core banking systems,” according to SRM.

Kenneth J. Sole & Associates was founded in 1988 and is based in Holbrook, New York.

“We’ve been very intentional over the last two years about identifying ways to achieve our growth goals, and the acquisition of Kenneth J. Sole & Associates is the next logical step in our progression,” Brad Downs, CEO of SRM, said in a press release.

SIA has reached out to SRM for additional comment.